Lengthy UAW strike at GM to cost $1.5 billion: Credit Suisse

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Lengthy UAW strike at GM to cost $1.5 billion: Credit Suisse
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An ongoing workers' strike at General Motors Co could cost the automaker ab...

) could cost the automaker about $1.5 billion, brokerage Credit Suisse said on Friday, throwing the U.S. automaker’s cost reduction plans off the track and forcing key suppliers to cut their 2019 outlook.

The brokerage has assumed the strike by the United Auto Workers union, currently in its 26-day, to last until Oct. 21.

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